Executive Healthcare Services, a division of Executive Bankcard, Monday announced it will expand its current credit card transaction processing services for health care customers to include online, real-time insurance eligibility verification through Imperial Technology Solutions’ (ITS’) Receivables Payment Manager (RPM).
With RPM, health care providers can instantly verify a patient’s insurance eligibility and payment responsibilities, then collect co-payments at the point of care with a credit or ATM/debit card. RPM has proven to improve workflow associated with patient payment, collection, posting, reconciliation, billing and outstanding patient accounts receivable, while speeding income to the provider.
RPM turns every point of care into a patient payment verification and collection station.
“Knowing a patient’s payment responsibility at the time of care is a big challenge in health care. RPM differentiates Executive Healthcare’s services by offering real tools to improve provider collections,” said Barry Tikotin, sales and training manager with Executive Healthcare Services.
“Currently, health care administrators spend too much of their time verifying patients’ eligibility and benefits after the patient has already left. With RPM, Executive Healthcare Services can offer its health care customers a tool to determine coverage and patient payment responsibility, in most cases in less than a minute,” said Raymond Pedden, senior vice president of ITS.
Based in Calabasas, Executive Healthcare Services, a division of Executive Bankcard Services, provides cutting-edge products and services for all aspects of merchant non-cash transaction processing. Executive’s coast-to-coast network of service professionals serves all types of e-commerce, including auto-deductions from checking accounts and recurring billing with credit cards.
Executive Healthcare Services can be reached at 888/904-2244 or by email at firstname.lastname@example.org.
With a team of health care, technology and marketing specialists, ITS has developed an exclusive line of financial transaction software, the Receivables Payment Manager, that is operational today in single doctor practices to large provider organizations throughout the United States. For more information, contact Imperial Technology Solutions at 800/716-9777, or visit ITS’ World Wide Web site at [www.itsrpm.com].
ITS is a division of Imperial Bank, one of the leading independent business banks in the West. With more than $6 billion in assets, Imperial offers a wide range of financial services tailored to corporate customers, entrepreneurs and professionals. Based in Los Angeles, Imperial Bank is the principal subsidiary of Imperial Bancorp (NYSE:IMP) and can be found on the Web at [www.imperialbank.com].